What Fajarbaru Builder Group Bhd. does

FBG Holdings Berhad (formerly Fajarbaru Builder Group Bhd) is a Malaysian public-listed construction and property group operating since 1976 from Petaling Jaya, Selangor, and traded on Bursa Malaysia under ticker FBG. The company is structured as a vertically integrated 'One-Stop Agency' across six business segments: construction (civil, infrastructure, and building works as a Class A PKK and Class G7 CIDB contractor), property development (via FBG Land Sdn Bhd in Malaysia and Australia), building materials trading (via Asiahub Trading Sdn Bhd), logistics and heavy machinery leasing, logging and timber trading, and plantation/agribusiness. Customers span Malaysian government ministries and government-linked corporations (PDC, MAHB, KAFS, Petronas), private developers (SP Setia, IGB Berhad, Temasya), aviation and industrial operators (Pos Aviation, Malaysia Airports), healthcare (Gleneagles), aquaculture (Blue Archipelago), and the Australian Department of Defence.

Core deliverables are project-based rather than product-based: the group secures large construction tenders through competitive bidding, executes design-and-build work spanning earthworks, infrastructure, superstructures and finishing, and develops residential and mixed-use real estate (RUMAWIP affordable housing under Vierra Residence, Desa Green integrated township in Kelantan, plus overseas projects such as Gardenhill, Paragon and The Wilds in Melbourne). Underlying technology is conventional construction methodology with no proprietary software platform; supporting technology references include IDEA sewage treatment, electrified double-track railway works, and Visual Docking Guidance Systems (VDGS) at KLIA2.

The business model is primarily one-time, project-lumpy revenue from competitive tenders and property sales on completion, with construction as the principal revenue driver and six segments providing cross-value-chain support and diversification. Pricing is not publicly disclosed; construction contracts are tendered and priced per project scope, while property prices vary by location and scheme (affordable vs luxury). The group sells through direct enterprise field sales (construction) and in-house marketing/sales teams plus property exhibitions (FBG Land), and is recognised through three ISO certifications (9001:2015, 14001:2015, 45001:2018), Green Building Index Gold, GreenRE Silver, and multiple industry/brand awards since 2014.

Name

Fajarbaru Builder Group Bhd.

Legal name

FBG Holdings Berhad (formerly known as Fajarbaru Builder Group Bhd)

Website

https://fajarbarugroup.com

Company type

Public

Founded year

1976

Operating status

Operating

Short description

FBG Holdings Berhad is a Bursa Malaysia-listed Malaysian construction and property group operating since 1976, delivering design-and-build infrastructure, building, and civil works for government, GLC, and private developer clients across Malaysia and Australia, with diversified property development, timber, building materials, logistics, and plantation operations.

Ownership category

akta.pro rank

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Construction Contracts: The primary revenue driver — FBG secures and executes large-scale construction contracts for civil, infrastructure, and building works from government and corporate clients. Revenue is project-based, non-recurring per contract, with multiple simultaneous projects generating cash flow.
2. Property Development: Through FBG Land, the group develops residential and mixed-use properties in Malaysia and Australia, generating revenue from property sales upon completion and handover to buyers.
3. Logging & Timber Trading: Timber extraction and trading division serving domestic and export markets, leveraging Malaysia's position as a top exporter of fibreboards and furniture in Asia.
4. Trading of Building Materials: The trading arm sources and supplies a comprehensive range of construction materials to support in-house projects, subcontractors, and third-party clients.
5. Logistics: Lease of heavy machinery, trucks, and lorries to support project execution — a value-added service supporting construction operations.
6. Plantation: Agribusiness division focused on plantation activities guided by profitability, progressiveness, and sustainability principles, contributing to diversified group revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

FBG Holdings Berhad (formerly Fajarbaru Builder Group Bhd) operates as a diversified Malaysian construction and property group offering civil, infrastructure, and building construction services through FBG Builder, plus residential and mixed-use property development through FBG Land in Malaysia and Australia. The group also runs logging and timber trading, building materials trading via Asiahub Trading, logistics (lease of heavy machinery and trucks), and plantation activities, providing an integrated end-to-end construction and property value chain.

Differentiator

Problem solved

Functional benefit

Brands

• Vierra Residence: Affordable housing development under RUMAWIP initiative, including Vierra Residence @ Kinrara and Rica Residence @ Sentul.
• Desa Green
• Gardenhill
• Paragon
• The Wilds

Products and services

• Construction Services
• Property Development

Quantifiable outcome

• 48+ years of industry experience with 100+ completed projects
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered major, minor and core.

• Penang Development Corporation (PDC)majorStrategic or Co-development Partner · 1 January 2025FBG Land Sdn Bhd (a subsidiary of FBG Holdings) entered into a joint development agreement with PDC in January 2025 to develop an integrated healthcare and commercial hub (Medi-City) on a 51.172-acre land parcel in Penang, with a gross development value of RM2 billion. FBG is now seeking to withdraw from this agreement, having initiated orderly conclusion discussions with PDC.
• Petaling Garden Sdn Bhd (SP Setia Group)minorOthersFBG Builder was awarded a construction contract for road, drainage and reinforced concrete slab crossing works at Setia Alaman Industrial Park, Klang, Selangor. SP Setia's wholly-owned subsidiary awarded the contract to FBG.
• Pos Aviation Sdn Bhd (PASB — Pos Malaysia subsidiary)minorOthersPASB appointed FBG Builder as main contractor for the renovation and refurbishment of tenancy areas at KLIA Air Cargo Terminal 1.
• Malaysia Airports Holdings Bhd (MAHB)coreOthersMAHB awarded FBG multiple contracts: the design and build VDGS project at KLIA2, and the operation and maintenance contract for 78 VDGS units. Also awarded apron line marking and access road works at KLIA Air Cargo Terminal 1.
• Kuala Lumpur Aviation Fuelling System Sdn Bhd (KAFS)minorOthersKAFS awarded FBG Builder the contract for replacement and repair of approximately 500 metres of Jet A-1 fuel hydrant pipeline at KLIA2.
• Blue Archipelago BhdminorOthersFBG Builder was the construction contractor for the Integrated Shrimp Aquaculture Park (iSHARP) developed by Blue Archipelago Bhd in Setiu, Terengganu.
• Australian Department of DefencemajorOthersFBG was awarded a contract by the Australian Department of Defence for the redevelopment of military facilities at Royal Malaysian Air Force (RMAF) Base Butterworth in Penang, Malaysia.
• Temasya Development Co Sdn BhdminorOthersFBG Builder was awarded the construction contract for an 18-storey serviced apartment and retail complex in Seksyen U1, Temasya Glenmarie, Shah Alam.
• IGB BerhadmajorOthersFBG Holdings secured a RM238 million contract from an IGB Berhad subsidiary for the construction of a 25-storey hotel at The Mall, Mid Valley Southkey, Johor Bahru.
• Petroliam Nasional Berhad (Petronas)coreStrategic or Co-development PartnerFBG Holdings is recognised as a trusted turnkey contractor for Petronas and is the master planner for the East Coast Economic Region (ECER), appointed by Petronas. FBG Builder serves as main contractor for multiple ECER infrastructure projects.
• P.A. Resources BerhadminorOthersP.A. Resources Berhad is a related-party relationship through shared directorships (Tan Sri Dato' Sri Chan Kong Choy is Group Executive Chairman of both FBG and P.A. Resources; Dato' Lim Siew Mei serves as Independent Non-Executive Director of both).

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Gamuda Berhad: Malaysia's largest diversified infrastructure and construction group, with major civil engineering, property development, and water concessions. Comparable to FBG as a Class A contractor pursuing large-scale government infrastructure tenders, though at materially larger scale.
• IJM Corporation Berhad: Diversified Malaysian group with construction, property development, industry (including quarrying and building materials), and plantation segments. Most structurally comparable to FBG given its similar multi-segment construction-property-industry-portfolio model.
• UEM Edgenta Berhad: Malaysian infrastructure services group providing asset management, facilities management, and infrastructure construction services. Comparable to FBG as a contractor serving government-linked clients in infrastructure and asset management.

Direct peers

• Muhibbah Engineering (M) Bhd: Malaysian contractor specialising in civil, structural, and infrastructure works including bridges, airports, and marine projects. Comparable to FBG for tendered government infrastructure projects requiring heavy civil capability.
• Samling Global Limited: Malaysia-based integrated timber, forestry, and plywood group with logging, processing, and trading operations. Comparable to FBG's logging and timber trading division leveraging Malaysian fibreboard and furniture export positioning.
• Sunway Construction Group Berhad: Pure-play Malaysian construction company delivering civil, infrastructure, and building works for government and corporate clients. Comparable as a direct Class A contractor competitor bidding on the same large-scale Malaysian tenders as FBG.
• WCT Holdings Berhad: Malaysian construction and property developer with civil engineering, building, and real estate operations across Malaysia and the Middle East. Comparable to FBG's mix of construction contracting and integrated property development.
• SP Setia Berhad Group: Large Malaysian property developer with mixed residential, commercial, and integrated township projects. Both a comparable peer in property development and an existing FBG client (Petaling Garden Sdn Bhd awarded FBG the Setia Alaman contract).
• Kimlun Corporation Berhad: Malaysian construction and building materials group active in civil infrastructure, building works, and precast concrete products. Comparable to FBG given its parallel exposure to construction contracting and building materials trading.

Regional players

• Lendlease Corporation Limited: Australian-headquartered international property and construction group active in high-rise residential and mixed-use developments in Melbourne. Comparable to FBG's Melbourne property arm (Gardenhill, Paragon) competing in the same Australian high-rise market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fajarbaru Builder Group Bhd.